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AIA's new parental leave policy

AIA has enhanced its employee parental leave policy for primary caregivers.

Wednesday, February 22nd 2023, 10:26AM

Under the policy, primary caregivers will now receive 14-weeks of leave at full pay on top of any payments made under the government’s 26-week paid parental leave subsidy. In addition, AIA will also pay KiwiSaver contributions for any unpaid portion of parental leave.

AIA NZ chief people and culture officer, Brynlea Hunter-Morpeth, says “we want to provide financial support to our AIA whānau during what is a period of significant adjustment and help relieve some of the pressure, so that parents can focus on their new family.”

"This initiative is a fundamental step in bridging AIA NZ’s gender pay gap which currently sits at 19.1%. We acknowledge that the gender pay gap is a problem and we are determined to do what we can to close the gap. Our policy is a step towards solving this issue."

NZIER research shows that only 8.9% of Kiwi organisations with more than 20 employees top up the salary of staff who are on parental leave. Even fewer continue to contribute to KiwiSaver accounts during this time.

AIA’s enhancements build on its existing parental leave policy which includes support to primary caregivers on their return to work through up to an additional five days’ sick leave for taking care of dependents and staggered return to work arrangements. Secondary carers are also eligible for 4 weeks paid parental leave.

Tags: AIA

« Insurer offers support for customersSouthern Cross trials school holiday programme initiative to help employees manage childcare juggle »

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